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Court appoints trustees to 3 companies including e-commerce website

A court in the Black Sea province of Samsun has appointed trustees to three companies including the popular online shopping company, tozlu.com, over their...
Business

İstanbul’s historic Grand Bazaar sees shops close as tourism slumps

At least 600 shops out of 3,600 have closed in İstanbul’s historic Grand Bazaar as tourism slumped significantly this summer after Turkey experienced a...
Business

Israeli energy minister to meet Turkish counterpart in İstanbul

Israeli Energy Minister Yuval Steinitz will meet with his Turkish counterpart, Berat Albayrak, in İstanbul next week at the World Congress on Energy, in...
Business

Turkish official says 252 companies seized over Gülen links

Government-run Savings Deposit Insurance Fund (TMSF) President Şakir Ercan Gül announced on Tuesday that the government has seized a total of 252 companies in...
Business

1,421 killed in work-related accidents in 9 months

A report released by the Workers Health and Occupational Safety Assembly, a workplace safety watchdog, has revealed that a total of 1,421 people were...
Business

Ministry to be able to hold tenders outside Public Procurement Law

Turkey's Ministry of Transport, Maritime and Communications will be able to hold some tenders without the need to abide by the Public Procurement Law,...
Business

Turkey’s annualized inflation at 7.28 percent in September

Official figures from the Turkish Statistics Institute (TurkStat) show that the annualized rate of inflation in Turkey dropped to 7.28 percent in September from...
Business

Turkish gov’t seizes furniture chain Alfemo over alleged Gülen links

A panel of trustees on Saturday was appointed to furniture chain Alfemo due to alleged ties to the Gülen movement, which the government accuses...
Business

Another Turkish baklava maker detained on coup charges

Serdar Seyidoğlu, the general manager of the Seyidoğlu Baklava chain, was detained over his alleged links to the Gülen movement, which the government accuses...
Business

Businessman files complaint against Moody’s for downgrading Turkey’s rating

Abdulmutalip Çiçek, a businessman from Turkey’s southern province of Gaziantep, on Friday filed a complaint against international credit rating firm Moody’s after the firm...
Business

Turkey confiscates more than 200 companies in operations targeting Gülen

The government-run Savings Deposit Insurance Fund (TMSF) has in the recent past taken over more than 200 companies as part of investigations into the...
Business

Erdoğan says Moody’s can easily be bribed

President Recep Tayyip Erdoğan continued to criticize a recent decision by US-based credit rating agency Moody’s to cut Turkey’s sovereign credit rating to non-investment...
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